Global gold trading hours see both domestic and international markets rise together: Investment opportunities scan for 2026

Entering 2026, signals for fiscal and monetary policies are gradually becoming clearer, and global market risk appetite is turning more positive. Against this backdrop, multiple investment sectors such as gold, AI, and emerging markets are presenting rare opportunities. According to VanEck’s latest market analysis, demand has rebounded synchronously in both onshore and offshore markets for global gold trading hours, indicating that precious metal investments are entering a new upward cycle.

AI Valuation Adjustments Restore Attractiveness; Nuclear-Related Themes Also Correct

The stock market volatility at the end of 2025 has brought new opportunities for investors. AI-related stocks experienced a significant correction in Q4, with valuations undergoing necessary adjustments, bringing this sector back from the “suffocating” highs of October to more rational levels. VanEck believes that current AI trading is more attractive than at its peak, especially considering that the underlying demand for computing, tokens, and productivity enhancements remains strong.

Related nuclear themes have also seen notable price adjustments. This change stems from a reassessment of market expectations for AI-driven electricity demand, but the long-term demand logic remains valid. This adjustment improves the risk-reward profile for medium- and long-term investors, providing an ideal timing for positioning.

Gold Becomes a Global Currency Asset; Central Bank Demand Drives Long-Term Bullish Outlook

In the context of the ongoing restructuring of the global economic landscape, gold is re-emerging as a leading global currency asset. Central banks worldwide continue to increase gold reserves, driving the evolution of this traditional precious metal’s role in modern financial systems. As the world increasingly moves away from dollar dominance, demand for gold as a multilateral settlement tool has surged.

Although technically, gold prices may seem overextended, VanEck believes recent pullbacks are a good opportunity to increase holdings. The global gold trading hours cover multiple time zones including Asia, Europe, and the Americas, ensuring ample market liquidity and active trading. Gold’s structural advantages remain intact: its status as a safe-haven asset is solid, demand as a global currency asset continues to rise, and supply growth is limited. These factors collectively support gold’s long-term bullish potential.

US Fiscal Stability Improves; Policy Risk Expectations Significantly Decline

Why is the market outlook becoming clearer? The key lies in the gradual improvement of the US fiscal situation. Although the deficit remains high, its proportion of GDP has significantly decreased from the historic peak during the pandemic. This fiscal stability helps anchor long-term interest rates and reduces tail risks.

US Treasury Secretary Scott Bessent recently described current interest rate levels as “normal,” sending an important signal. The market should not expect aggressive or destabilizing short-term rate cuts in 2026. Instead, the outlook points toward policy stability, moderate adjustments, and fewer shocks. Under this expectation framework, investors can formulate long-term strategies with greater confidence.

Business Development Companies Regain Attention; High Yields and Valuations Both Attractive

Business Development Companies (BDCs) experienced a tough year in 2025, but this adjustment has brought new investment opportunities. With yields still attractive and credit concerns largely digested by the market, BDCs are more appealing now than a year ago.

Management firms behind them, such as Ares, are also in a better position. Their current valuations are more reasonable compared to their long-term profitability and past performance. For investors seeking stable income, these assets offer a more favorable risk-reward profile.

India’s Long-Term Potential Is Significant; Cryptocurrency Signals Are Complex and Require Caution

Beyond the US market, India remains a highly promising long-term investment market, thanks to structural reforms and sustained growth momentum. Demographic dividends, industry shifts, and policy support collectively provide a solid foundation for India’s economic expansion.

In the cryptocurrency space, the situation is more complex. The traditional four-year cycle of Bitcoin was broken in 2025, making short-term signals more elusive. This divergence supports a more cautious outlook for the next 3 to 6 months. However, internal VanEck analysts Matthew Sigel and David Schassler do not share the same view; they hold a more optimistic stance on recent cycles and believe the long-term investment potential remains prominent.

Overall, the first quarter of 2026 offers investors a rare clear environment. While selectivity remains crucial, the clarity surrounding fiscal policy, monetary policy directions, and key investment themes underpins a more proactive risk appetite allocation. Whether it’s the continued strength of gold during global trading hours or opportunities in AI and emerging markets, these are areas investors should watch closely.